World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Somewhat Tumultuous WASDE

The November WASDE report usually involves some tweaking of the numbers by USDA, and that is all it mostly was today, but with some quirky impacts. First, there were a few surprises but not dramatic ones and yet the report spurred larger to outsized volume in trading across the grain and oilseed contracts. There appeared to be an initial overreaction since overall pre-report lower trading initially jumped dramatically higher. January soybeans initially traded as much as 17 cents higher. However, after more fully absorbing the report’s nuances, contract values reversed and then wobbled closer to unchanged. The mixed reactions are understandable in context:CornBullish:USDA lowered 2024/25 corn yield by 0.38 percent, versus an expected sm...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 13-19, 2026.  Wheat: Net sales of 397,200 metric tons (MT) for 2025/2026 were up noticeably from the previous week and up 46 percent from the prior 4-week average. Export shipments of 383,500 MT were unchanged from the previous week, but down 10 percent...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.67/bushel, down $0.0025 from yesterday's close.  May 26 Wheat closed at $6.05/bushel, up $0.0725 from yesterday's close.  May 26 Soybeans closed at $11.7375/bushel, up $0.02 from yesterday's close.  May 26 Soymeal closed at $322.1/short ton, up $2.3 from...

feed-grains soy-oilseeds wheat

Market Commentary: War Worries Continue to Drive the Narrative

War-related higher energies are a mixed story for ags. They could stymie economic growth and thus demand, but they open the door for better biofuel sales. Ags were mostly in the green today, betting on the biofuel market.  Reports Export Sales: Last week’s new commitments by foreign...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 13-19, 2026.  Wheat: Net sales of 397,200 metric tons (MT) for 2025/2026 were up noticeably from the previous week and up 46 percent from the prior 4-week average. Export shipments of 383,500 MT were unchanged from the previous week, but down 10 percent...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.67/bushel, down $0.0025 from yesterday's close.  May 26 Wheat closed at $6.05/bushel, up $0.0725 from yesterday's close.  May 26 Soybeans closed at $11.7375/bushel, up $0.02 from yesterday's close.  May 26 Soymeal closed at $322.1/short ton, up $2.3 from...

feed-grains soy-oilseeds wheat

Market Commentary: War Worries Continue to Drive the Narrative

War-related higher energies are a mixed story for ags. They could stymie economic growth and thus demand, but they open the door for better biofuel sales. Ags were mostly in the green today, betting on the biofuel market.  Reports Export Sales: Last week’s new commitments by foreign...

livestock

Why Beef and Pork Prices May Fall Despite Strong Demand

Beef prices dropped sharply this week, with the Choice cutout down about $11/cwt in the past six trading days. The move unnerved live cattle futures on Wednesday (though the market recovered Thursday) and quickly led to concerns about beef demand weakening. After all, isn’t this supposed...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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